Update on Europe: Tinker Bell fails to deliver

Summary: Monday's post explained why last week’s statement by ECB President Mario Draghi was not the game-changer Wall Street assumed. Today the ECB met and did little but give more comforting words. Here's the scoop. . The ECB President Speaks to the world Cutting through the blather, here is my guess what was in Mario … Continue reading Update on Europe: Tinker Bell fails to deliver

Last week they spoke comforting words, but I saw only the frightening aspects of the euro-crisis

Summary:  Although entertaining as gallows humor, last week's statement by ECB President Mario Draghi illustrates important but seldom discussed aspects of the euro-crisis. Here we read and annotate the text. It's an oddity of our time that people tend to rely on secondary sources -- journalists and pundits -- to learn what the world's leaders … Continue reading Last week they spoke comforting words, but I saw only the frightening aspects of the euro-crisis